Gestamp signs a Joint Venture agreement with BHAP (BAIC Group) in China

1.25.2018 Gestamp, the multinational company specialized in the design, development and manufacture of highly engineered metal components for the automotive industry, reinforces its presence in China by signing a strategic Joint Venture (JV) Agreement. Gestamp has signed a JV Agreement with Beijing Hainachuan Automotive Parts Co. Ltd. (BHAP), a Chinese company specialized in auto components,… Continue reading Gestamp signs a Joint Venture agreement with BHAP (BAIC Group) in China

Hyundai Mobis 2017 net plunges 48 pct on strong won

SEOUL, Jan. 25 (Yonhap) — Hyundai Mobis Co., South Korea’s biggest auto parts maker, said Thursday its net profit plunged 48 percent last year on a strong won and decreased sales in China. For all of 2017, net profit fell to 1.579 trillion won (US$1.5 billion) from 3.047 trillion won a year earlier, the company… Continue reading Hyundai Mobis 2017 net plunges 48 pct on strong won

Hyundai Motor posts 3% gain in quarterly profit

This was the first gain in quarterly profit in four years, analysts had been expecting it given a low base for comparison from a year ago. SEOUL: Hyundai Motor eked out a small 3 percent gain in quarterly net profit, but posted a fifth straight drop in annual earnings as a stronger local currency and… Continue reading Hyundai Motor posts 3% gain in quarterly profit